704 Henderson Highway

Property Overview

This one-and-a-half storey home, built in 1928, is situated on Henderson Highway in the Kildonan Drive area. With 1,487 square feet of living space and a renovated basement, it offers above-average roominess for its immediate neighborhood. The lot is a standard city size at just over 5,800 square feet. Its assessed value positions it as an affordable entry point within the city, especially notable for the Henderson Highway corridor. The home last sold in late 2021.

Key Characteristics & Appeal

The primary appeal of this property lies in its combination of space, location, and value. It provides more living area than many comparable homes on its street and in the wider area, which is a significant advantage in an older home. The renovated basement adds functional, modernized space. Its position on a major arterial road like Henderson Highway offers unparalleled convenience for commuters, with direct access to amenities and transit.

This home would suit a practical buyer who prioritizes space and location over a pristine lot or a quiet, suburban feel. It’s ideal for a first-time homeowner comfortable with an older home’s character and maintenance, or an investor looking for a solid rental property in a high-demand location. A thoughtful perspective is that while the lot is smaller than some in the area, it translates to less yard maintenance. The 1928 build date suggests classic construction and potential for charming original details, but also means systems like plumbing and electrical may need attention.

Frequently Asked Questions

1. What does the assessed value tell me about the price?
The assessed value is a municipal valuation for tax purposes, not a market price. This home’s assessment is below the area average for Kildonan Drive, which can indicate a relatively lower property tax burden and suggests it may be priced accessibly compared to neighboring homes.

2. Are there any concerns with a home built in 1928?
While the renovated basement is a plus, the core structure is nearly 100 years old. Prospective buyers should budget for and prioritize inspections focusing on the foundation, roof, wiring, and plumbing to understand the condition of original components.

3. What is it like living on Henderson Highway?
Henderson Highway is a busy, main thoroughfare. This means excellent access to shops, services, and buses, but also comes with consistent traffic noise, less privacy, and considerations for pet or child safety. The convenience is a direct trade-off for a quieter, residential street atmosphere.

4. How does the living space compare practically?
At 1,487 sq ft, this home is genuinely spacious for its type and area, ranking in the top 19% on its street. This means more room for families, home offices, or storage than is typical for similarly priced homes in this locale.

5. Why is the land area smaller than the area average?
The lot is around average city-wide but smaller than some in the immediate neighborhood. This is common for older homes on major routes and results in a lower-maintenance yard. It does limit potential for large additions or extensive outdoor living spaces compared to properties on deeper lots.